In general, FASB standards concerning property, plant, and equipment are similar to the international accounting standards, with two important differences.

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FASB (Financial Accounting Standards Board) standards and IFRS (International Financial Reporting Standards) have many similarities regarding property, plant, and equipment, but there are notable differences, such as the revaluation model allowed under IFRS but not under US GAAP (FASB standards) and differences in component depreciation.

In General, FASB Standards Concerning Property, Plant, and Equipment Are